Global Network Monitoring Market – Industry Trends and Forecast to 2029

Global Network Monitoring Market, By Offering (Equipment, Solutions and Services), Bandwidth (1-10 GBPS, 40 GBPS, 100 GBPS), Technology (Ethernet, Fiber Optic, InfiniBand), End-User (Enterprises, Telecommunications Industry, Government Organizations, Cloud Service Providers) - Industry Trends and Forecast to 2029

Market Analysis and Size

In recent years, a rise in need for high-speed data is being witnessed due to the increased application of video services, online gaming and TV-on-demand. Network monitoring solutions are being deployed among consumers for better performance output, and shift toward smaller, multi-fiber and more efficient connections.

Global Network Monitoring Market was valued at USD 2.49 billion in 2021 and is expected to reach USD 5.53 billion by 2029, registering a CAGR of 10.50% during the forecast period of 2022-2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.

Market Definition

Network monitoring is a type of service of an observing system that observes the computer networks for stoppage and theft of data, if being carried out, and gives a notification to the network's overseer for the same. These monitoring systems scrutinize large amounts of data continually and filter through for any irregularity, if there.

Report Scope and Market Segmentation

Network Monitoring Market Dynamics

This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:

Drivers

• Management of Risks

The use of network monitoring among organizations for understanding, anticipating and holistically managing their risks acts as one of the major factors driving the network monitoring market. These solutions are effective to make strategic decisions effectively, and respond efficiently.

• Digital Transformation

The surge in the digital transformation across various industries accelerate the market growth. The rise in need for these services in digitalization of hospital records, media and entertainment content, online commerce for retail goods and services, and e-government initiatives has a positive impact on the market.

• High Use of the Internet

The increase in the use of the Internet, and rise in the access to media and video streaming further influence the market. The presence of well-designed data and voice packages and enticing purchase offers assist in the expansion of the market.

Additionally, rapid urbanization, change in lifestyle, surge in investments and increased consumer spending positively impact the network monitoring market.

Opportunities

Furthermore, business operations through network management tools and high demand from small and medium-sized enterprises extends profitable opportunities to the market players in the forecast period of 2022 to 2029. Also, rise in software defined networking sector will further expand the market.

Restraints/Challenges

On the other hand, easy availability of free network traffic tools, high initial investments and compatibility issues due to prevalence of legacy systems expected to obstruct market growth. Also, difficulty in handling massive network performance data is projected to challenge the network monitoring market in the forecast period of 2022-2029.

This network monitoring market analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on network monitoring market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

COVID-19 Impact on Network Monitoring Market

The COVID-19 had a negative impact on network monitoring market owing to the strict lockdowns and social distancing to contain the spread of the virus. The economic uncertainty, partial shutdown of the business and low consumer confidence impacted demand for middle office outsourcing services. The supply chain got hampered during the pandemic along with delay logistics activities. However, the network monitoring market is expected to regain its pace during the post pandemic scenario due to the easing on the restrictions.

Global Network Monitoring Market Scope and Market Size

The network monitoring market is segmented on the basis of offering, bandwidth, technology and end user.  The growth amongst these segments will help you analyze meager growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Offering

• Equipment
• Solutions
• Services

Bandwidth

• 1-10 GBPS
• 40 GBPS
• 100 GBPS

Technology

• Ethernet
• Fiber Optic
• InfiniBand

End-User

• Enterprises
• Telecommunications Industry
• Government Organizations
• Cloud Service Providers

Network Monitoring Market Regional Analysis/Insights

The network monitoring market is analyzed and market size insights and trends are provided by country, offering, bandwidth, technology and end user as referred above.

The countries covered in the network monitoring market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

North America dominates the network monitoring market due to the increasing IT capacity requirements and rising adoption of new data center technologies within the region.

Asia-Pacific (APAC) is expected to witness significant growth during the forecast period of 2022 to 2029 because of the rapidly rising government initiatives and investments from technologically emerging countries, such as India, Singapore, Japan, China and Australia.

The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points such as down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Network Monitoring Market

The network monitoring market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to network monitoring market.

Some of the major players operating in the network monitoring market are

• Gigamon (US)
• NETSCOUT (US)
• Keysight Technologies (US)
• VIAVI Solutions Inc. (US)
• APCON (Switzerland)
• Garland Technology (US)
• Riverbed Technology (US)
• SevOne (US)
• Broadcom (US)
• Juniper Networks, Inc. (US)
• Arista Networks, Inc. (US)
• Zenoss Inc. (US)
• IBM (US)
• Pico Quantitative Trading LLC (US)
• CALIENT Technologies (US)
• NETGEAR (US)
• Cisco Systems, Inc. (US)